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Want to know Buzzboard readers' thoughts on the Cumulus debt restructuring proposal? Check out the thread in the "Broadcasting - General" forum!

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Search found 4355 matches

by MWmetalhead
Sat Nov 18, 2017 9:36 am
Forum: Northern Lower Michigan/Eastern U.P.
Topic: What's Going On With FOX32?
Replies: 10
Views: 382

Re: What's Going On With FOX32?

TV 9&10 has done a HORRIBLE job making its viewers aware of alternate options.
by MWmetalhead
Sat Nov 18, 2017 9:33 am
Forum: Everywhere Else
Topic: 93.9 Indianapolis Drops Classic Hip Hop
Replies: 2
Views: 35

Re: 93.9 Indianapolis Drops Classic Hip Hop

Stupid move. A 2.7 share is respectable given that cursed frequency's history. Variety Hits (a format Cumulus generally does not do) and Active Rock are the only two format holes in the market. I suppose one could count Soft AC as a format hole, but that's been tried on 93.9 in the past and failed m...
by MWmetalhead
Sat Nov 18, 2017 9:28 am
Forum: Broadcasting - General
Topic: Cumulus debt restructuring proposal announced!
Replies: 9
Views: 252

Re: Cumulus debt restructuring proposal announced!

Interesting. If bankruptcy occurs prior to the FCC approving the transaction, then Cumulus will have no legal obligation to move forward. In order to move forward, an order from the bankruptcy court judge would likely be needed. If the FCC approval occurs less than 90 days prior to bankruptcy, then ...
by MWmetalhead
Fri Nov 17, 2017 7:05 pm
Forum: Metro Detroit/SE Michigan
Topic: The future of Amp
Replies: 8
Views: 420

Re: The future of Amp

I'm surprised 94.7 Fresh FM in Washington didn't flip. That station has been on a massive losing streak the past year with A25-54. They've been hovering between 15th and 20th place as of late. Perhaps Entercom thinks the station is salvageable? Classic Hip Hop and Classic Hits are two formats curren...
by MWmetalhead
Fri Nov 17, 2017 7:02 pm
Forum: Neighboring States/Ontario
Topic: Major Shakeup at Bell Radio Windsor
Replies: 6
Views: 351

Re: Major Shakeup at Bell Radio Windsor

The notion of CIMX-FM going silent is fake news. That said, a format change certainly cannot be ruled out. The station is running on fumes, clearly. I could see 88.7's softer music and mass appeal gold cuts merging with 93.9 The River. If that were to occur, 88.7 MHz would likely flip to Classic Roc...
by MWmetalhead
Fri Nov 17, 2017 6:53 pm
Forum: Everywhere Else
Topic: 2 Flips! NYC and Chicago
Replies: 6
Views: 116

Re: 2 Flips! NYC and Chicago

Y'all are forgetting about 101.9 Amp Radio in Orlando.
by MWmetalhead
Fri Nov 17, 2017 6:30 pm
Forum: Metro Detroit/SE Michigan
Topic: Phat Matt out at 89X???
Replies: 5
Views: 428

Re: Phat Matt out at 89X???

They'll just voicetrack everything from London; you won't see an outright repeater.
by MWmetalhead
Fri Nov 17, 2017 6:23 pm
Forum: Metro Detroit/SE Michigan
Topic: The future of Amp
Replies: 8
Views: 420

Re: The future of Amp

I like the format moves in Chicago and New York. K-Hits in Chicago was fending off competition from multiple sides. The success of MeTV-FM at 87.7 MHz has caused significant ratings erosion with regard to the upper half of K-Hits' age range target. Then, you've got 94.7 WLS-FM as a direct competitor...
by MWmetalhead
Fri Nov 17, 2017 9:17 am
Forum: Metro Detroit/SE Michigan
Topic: Unprofessional Fox 2 anchors this morning
Replies: 10
Views: 754

Re: Unprofessional Fox 2 anchors this morning

No, wise guy. I routinely watch morning news for about 20 minutes daily. Just happened to be watching when this occurred.
by MWmetalhead
Fri Nov 17, 2017 6:43 am
Forum: Metro Detroit/SE Michigan
Topic: Unprofessional Fox 2 anchors this morning
Replies: 10
Views: 754

Unprofessional Fox 2 anchors this morning

Ryan Ermanni and the botoxed blonde who applied makeup with a putty knife owe their viewers an apology. Coming out of a story where a man was talking about about the brutal murder of his father (the O'Reilly auto parts store clerk), these two bozos had shit eating grins on their faces. The blonde wa...
by MWmetalhead
Thu Nov 16, 2017 8:19 pm
Forum: Metro Detroit/SE Michigan
Topic: Phat Matt out at 89X???
Replies: 5
Views: 428

Re: Phat Matt out at 89X???

Confirmed. He has left Bell Media completely. http://www.mibuzzboard.com/phpBB3/viewtopic.php?f=9&t=46844 Looks like Dan MacDonald may have been let go as well. If so, that's a shame. I thought he was a good fit on 93.9 The River. 93.9 is down to two on-air jocks - Mark Lander and Gnyp. 89X is down ...
by MWmetalhead
Thu Nov 16, 2017 8:17 pm
Forum: Metro Detroit/SE Michigan
Topic: Phat Matt out at 89X???
Replies: 5
Views: 428

Phat Matt out at 89X???

He is missing from the bio page and I've heard J. Stevens during afternoon drive this week. http://www.iheartradio.ca/89x/on-air If true, I wish him well - but he really did not belong on 89X in the year 2017 and was not the right choice to lead the station as PD. The station has sounded pretty lous...
by MWmetalhead
Thu Nov 16, 2017 6:20 pm
Forum: Broadcasting - General
Topic: Cumulus debt restructuring proposal announced!
Replies: 9
Views: 252

Re: Cumulus debt restructuring proposal announced!

Another possible scenario to consider: Let's assume for sake of argument that the out of court proposal and pre-pack proposal both fail. King Dickey has another option at his disposal (potentially). If there is risk of a protracted bankruptcy where liquidity could reach precariously low levels, espe...
by MWmetalhead
Thu Nov 16, 2017 6:05 pm
Forum: Broadcasting - General
Topic: Cumulus debt restructuring proposal announced!
Replies: 9
Views: 252

Re: Cumulus debt restructuring proposal announced!

The answer is - it's certainly possible! The $250 million (or whatever amount he is able to offer) would need to be sufficient to make the bond holders go away and keep the senior secured term lenders at bay. Given the fact the bond holders would receive only equity and zero cash under either of the...
by MWmetalhead
Wed Nov 15, 2017 7:25 pm
Forum: New Age Radio (Satellite / Internet / WiFi / HD)
Topic: Free preview of Sirus XM in my car
Replies: 23
Views: 3963

Re: Free preview of Sirus XM in my car

I believe it started Monday; it goes through November 27. These free previews generally last two weeks.
by MWmetalhead
Wed Nov 15, 2017 7:21 pm
Forum: Broadcasting - General
Topic: Cumulus debt restructuring proposal announced!
Replies: 9
Views: 252

Re: Cumulus debt restructuring proposal announced!

Recall from my initial post that the out-of-court restructuring proposal included the following: -$350 million in newly contributed equity capital would be used to reduce outstanding Term Debt from $1.73 billion to $1.38 billion -Term Loan interest rate would be increased from LIBOR + 3.25% to LIBOR...
by MWmetalhead
Tue Nov 14, 2017 8:20 pm
Forum: Grand Rapids/West Michigan
Topic: Curtis Gone At WLHT
Replies: 31
Views: 17051

Re: Curtis Gone At WLHT

I only heard Fish a couple times. He seems too abrasive (and foul mouthed) for a station whose listening audience largely consists of women at work. Actually sounds like someone who'd fit better on a rock or CHR/Rhythmic station.
by MWmetalhead
Tue Nov 14, 2017 8:11 pm
Forum: Broadcasting - General
Topic: Cumulus debt restructuring proposal announced!
Replies: 9
Views: 252

Re: Cumulus debt restructuring proposal announced!

Per annum debt service savings under the out-of-court proposal: Elimination of $350 million in Term Debt currently priced at roughly 4.50% = $15.75 million Elimination of $610 million in Bonds currently priced at 7.75% = $47.275 million Less: additional 2.75% spread on the $1.38 billion in remaining...
by MWmetalhead
Tue Nov 14, 2017 6:45 pm
Forum: Everywhere Else
Topic: Cumulus to buy WLUP and WKQX Chicago outright
Replies: 14
Views: 608

Re: Cumulus to buy WLUP and WKQX Chicago outright

Man oh man, did these guys burn through their cash in third quarter!!! Cash went from $141 million on June 30 all the way down to $69 million as of September 30. (The 10-Q report for September 30 was posted on November 9.) Something really sucked up a LOT of cash during the summer months. That's bef...
by MWmetalhead
Tue Nov 14, 2017 6:44 pm
Forum: Broadcasting - General
Topic: Cumulus debt restructuring proposal announced!
Replies: 9
Views: 252

Cumulus debt restructuring proposal announced!

From a liquidity standpoint, third quarter 2017 was a DISASTER. The company went from an unrestricted cash balance of $141 million as of June 30, 2017 all the way down to a paltry $69 million as of September 30. Bear in mind this is BEFORE giving effect to the $50 million check Cumulus had to recent...